Why to invest in Sunderland property?
Sunderland is located in Northern England and it is a great example of a city that was once giant manufacturing, but now finding its way to a better future thanks to development and regeneration. Sunderland has become a modern center with a lot of green environment that boasts a beautiful scenic coastline.
The bright future of this beautiful city is one of the reasons why we advise our clients to invest in Sunderland Property.
Below you can find more information on why investors should invest in Sunderland.
This city is ideal for all those who are looking for lower initial costs and higher yields because populations are increasing steadily, there are more job opportunities and plans for the future.
Sunderland is in the middle of the major regeneration strategy plan that called Sunderland 3,6,9 Vision: Transforming Our City. The main goal of this huge regeneration strategy is to boost the city and bring it more in line with the wider Northern Powerhouse initiative. The value of this investment is around £1.5 billion which will create jobs for 20,000 people and boost the economy of the city through different projects.
In 2019 at Nissan’s Sunderland plant were constructed a 10 millionth vehicle after 33 years of production, which makes Sunderland’s Nissan plant the fastest-growing automobile manufacturer in the UK. Over that time Nissan has grown from 470 to around 7,000. The automotive industry has plans that include creating 2,000 jobs in the software industry, part of which is realized through the development of the Vaux Brewery site. All these improvements in the automotive industry will only bring a positive economic status to Sunderland.
Property in Sunderland is relatively affordable.
According to Zoopla the overall average property price in Sunderland is £147,644, which is significantly lower than the UK average of £298,000. Prices are oscillating depending on property types, so you can find flats in Sunderland sold for an average of £117,760 and terraced houses for £108,900. We think that now is a great time to invest in Sunderland Property because it can bring you a high return on investment which is the main goal when investing in property.
Check out on our website all properties for sale in Sunderland and contact for help our experts in Aspen Woolf